In one of his first all-hands meetings after taking over the company in October, Elon Musk told Twitter employees the website’s financial position was dire, warning bankruptcy was “not out of question.” Since then, it appears the situation at Twitter has become more fraught.
The New York Times reports the company is taking drastic steps to cut costs. In recent “weeks,” Twitter has reportedly not paid rent for its main headquarters in San Francisco and satellite offices in other...